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Laura wants to hire a lawyer to file deeds for some properties she owns. The graph illustrates the costs for her two choices of lawyers. Using the points on the graph, construct a table of results and two equations. Which lawyer is a better choice for her if she has 8 deeds? Which lawyer is a better choice if she has 2 deeds? Why? Over the long run, which lawyer is more cost-effective?"

A) Lawyer A is better for 8 deeds, and Lawyer B is better for 2 deeds.
B) Lawyer B is better for 8 deeds, and Lawyer A is better for 2 deeds.
C) Lawyer A is better for both 8 deeds and 2 deeds.
D) Lawyer B is better for both 8 deeds and 2 deeds.

User KevMo
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1 Answer

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Final answer:

Without the graph and specific cost details, the better lawyer for Laura based on 2 or 8 deeds cannot be determined. A typical decision would factor in both fixed and variable costs to ascertain the most cost-effective option over time. More information is needed to provide Laura with an accurate recommendation.

Step-by-step explanation:

Without clarity on the specific costs associated with each lawyer and the corresponding graph details, a precise table of results or equations can't be constructed to determine the better legal option for Laura's situation. The usual approach would involve analyzing the fixed costs, variable costs, and the total cost for each option based on the number of deeds. Generally, one lawyer may have a higher initial fee but lower cost per deed (fixed plus variable costs), making them more cost-effective for a larger number of deeds. The other lawyer could be the opposite, with lower initial costs but a higher cost per deed, thus better for a smaller number of deeds.

The long-term, cost-effective choice would likely be the lawyer with lower per deed cost once the fixed costs have been covered. To determine the best choice for Laura, we need to evaluate the total cost for 2 deeds versus 8 deeds using the equations derived from the graph. Additionally, if her demand increases, similar to the example of a firm increasing efficiency with more PCs, Laura may benefit more from the lawyer with a lower marginal cost per additional deed.

User Satia
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